Moloney Securities Asset Management LLC Grows Stake in First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Moloney Securities Asset Management LLC boosted its holdings in shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 23.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,378 shares of the company’s stock after buying an additional 1,994 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in First Trust Long/Short Equity ETF were worth $683,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. purchased a new stake in First Trust Long/Short Equity ETF in the 3rd quarter worth approximately $35,000. NBC Securities Inc. raised its position in shares of First Trust Long/Short Equity ETF by 184.2% during the third quarter. NBC Securities Inc. now owns 807 shares of the company’s stock valued at $51,000 after buying an additional 523 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of First Trust Long/Short Equity ETF in the third quarter worth $75,000. GAMMA Investing LLC boosted its position in shares of First Trust Long/Short Equity ETF by 26.2% during the fourth quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock worth $112,000 after acquiring an additional 353 shares during the last quarter. Finally, DAVENPORT & Co LLC grew its stake in First Trust Long/Short Equity ETF by 4.2% during the fourth quarter. DAVENPORT & Co LLC now owns 4,778 shares of the company’s stock valued at $314,000 after acquiring an additional 191 shares in the last quarter.

First Trust Long/Short Equity ETF Stock Down 0.6 %

Shares of FTLS stock opened at $67.51 on Monday. The company’s fifty day simple moving average is $66.93 and its two-hundred day simple moving average is $64.79. First Trust Long/Short Equity ETF has a 52 week low of $58.35 and a 52 week high of $69.94. The stock has a market cap of $1.34 billion, a P/E ratio of 19.46 and a beta of 0.62.

First Trust Long/Short Equity ETF Company Profile

The First Trust Long\u002FShort Equity ETF (FTLS) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund takes both long and short position in US-listed equity with US and foreign exposure. The actively managed funds will typically be 90-100% long and 0-50% short. FTLS was launched on Sep 9, 2014 and is managed by First Trust.